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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Trump says South Africa won't receive invitation to G20 in 2026

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President Donald Trump said on Wednesday that South Africa would not receive an invitation to participate in next year's G20 summit in Florida, after the US boycotted the leaders' summit in Johannesburg last week. The Group of 20 leaders adopted a declaration on Saturday in addressing the climate crisis and other global challenges despite US objections, prompting the White House to accuse South Africa of weaponising its leadership of the group this year.

Four sluice gates at Vaal dam reopened

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The Department of Water and Sanitation (DWS) has reopened four sluice gates at the Vaal dam, increasing the water outflows of the dam from 325 mᵌ/s to 950 mᵌ/s. This brings the total number of sluice gates open to seven, to manage the rising water levels as rainfall persists.

National Treasury issues new infrastructure, development finance bond

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The National Treasury has launched a new infrastructure and development finance bond, which will be issued to the market under government’s domestic borrowing programme. This is part of a suite of reforms, first outlined in the 2024 Medium-Term Budget Policy Statement (MTBPS), to boost investment in the infrastructure needed to foster stronger economic growth and service delivery, including by developing new long-term financing instruments.

South Africa unpacks big pricing and load factor changes to inaugural gas-to-power procurement

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Significant amendments to the request for proposal (RFP) documentation for South Africa’s much-delayed procurement of 2 000 MW of gas-to-power capacity have been unpacked, including an updated fuel pricing formula and an increase in the minimum load factor to 50% for the 20-year duration of the power purchase agreement. Independent Power Producer Office (IPPO) head Precious Edward also used a virtual briefing on the Gas to Power Independent Power Producer Procurement Programme, or GASIPPPP, to reaffirm government’s commitment to the new bid submission deadline of May 29, 2026 – this, for a programme initially launched on December 14, 2023, with an August 30, 2024, deadline.
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